STANLEY ARTHUR REESE - 15 Jul 2022 Form 4 Insider Report for WAVEDANCER, INC. (WAVD)

Role
President-Tellenger Subsidiary
Signature
/s/ Matthew T. Sands, Atty-in-fact
Issuer symbol
WAVD
Transactions as of
15 Jul 2022
Net transactions value
-$0.25
Form type
4
Filing time
19 Jul 2022, 13:04:34 UTC
Previous filing
22 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WAVD Common Stock Exercise of in-the-money or at-the-money derivative security $35,000 +100,000 +235% $0.3500 142,565 15 Jul 2022 Direct F3
transaction WAVD Common Stock Disposed to Issuer $35,000 -30,435 -18% $1.15 142,565 15 Jul 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WAVD Options (Right-to-Buy) Exercise of in-the-money or at-the-money derivative security -100,000 -20% 410,000 15 Jul 2022 Common Stock 100,000 $0.3500 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

STANLEY ARTHUR REESE is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Per Instruction 4.(c)(iii), since the transaction is the exercise of a derivative security, coulumn 8 is left blank and the exercise price is reported in column 2.
F2 Optons for 50,000 shares became exercisable on January 17, 2018, and options for 50,000 shares became exercisable on July 17, 2018.
F3 Exercise of options for 100,000 shares at an exercise price of $0.35 per share. Proceeds for the exercise paid by tendering 30,435 shares of WAVD common stock to the Company at the July 15, 2022 closing price of $1.15 per share in accordance with the 2016 Stock Incentive Plan under which the options were issued.